Markets

USDCAD is still making up its mind on what to do

1.3300 handles a test with a quick bounce back towards the highs

About the only interesting action going on right now is what's happening in USDCAD.

The steam ran out the rally to 1.3350 and we've been messing around the trend line since. One break below held at 1.3303 and we saw a quick snap back to the highs.

Buyers are putting in a good shift to keep this move going and if they succeed in keeping it above 1.33 at least, then there's every chance of seeing the pair continue higher.

USDCAD 15m chart

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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